Tuesday, September 15, 2015

Bank of America Two Week September Update

Bank of America dropped 1.17% during the first two weeks of
September. Bank of America heavily
dropped the morning of September 1st. Moynihan being chairman are
more likely than not. Warren Buffett expressed his approval of Moynihan on
being chairman saying he did a “first class job” already at BAC. Over the past two weeks, the entire financial
sector, especially regional banks and a few bulge bracket banks, have been
upgraded by research firms. Bank of America has been very volatile over the
past two weeks reaching as high as 16.35 and hitting lows of 15.50, mainly due
to the major fluctuations in the market and the uncertainty in interest rates.
An interest rate hike will certainly improve the standing and revenue
generating ability of Bank of America. Bank of America also paid their dividend
of $0.05/share on September 2nd.